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$BTC /USDT Market Update Testing $120K Barrier
Bitcoin is trading at $119,974 (+2.09%), sitting just under the psychological $120,000 resistance zone. The chart shows strong bullish momentum after bouncing from a 24h low of $116,724, with buyers pushing the price to a 24h high of $119,992.
If BTC breaks and closes convincingly above $120,000, it could ignite another wave of upside targeting $122,500 → $125,000. However, failure to hold this level might trigger a short-term pullback toward $118,500 → $116,700 support.
Trade Setup
Entry: $119,500 – $120,200 (after breakout confirmation)
Stop-Loss (SL): $117,700
Take-Profit (TP1): $122,500
Take-Profit (TP2): $125,000
Take-Profit (TP3): $128,000
Momentum favors bulls, but watch for rejection at $120K since it’s a heavy resistance zone.
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